Atletico Madrid have taken the decision to cut the wages of their staff, including the players, to ease the financial burden on the club as they struggle with the economic impact of the coronavirus pandemic, the La Liga club said
Though GST could mean complications in the short run, it will bring in undeclared revenues and streamline taxation across the value chain, the benefits should be worth the pain.
A company with a size exceeding $1 billion finds it really hard to innovate.
In one of the biggest deals in the outsourced product development (OPD) market, audio and infotainment systems maker Harman International Industries will buy Indian-born serial entrepreneur Romesh Wadhwani's Symphony Teleca for $780 million (about Rs 4,800 crore at Friday's exchange rate of 61.4).
'Rather than cutting and pasting from advanced economies, we should use basic economic principles to think about what is right for India at the stage of development at which we are,' says Chief Economic Advisor Krishnamurthy Subramanian.
Private hospitals, especially smaller standalone ones, are staring at a crisis that they were not prepared for. Analysts say larger corporate chains have to brace up for at least six months for business to return to normal.
Telecom companies have been desperately waiting for a bailout package from the government after a Supreme Court order put their statutory liabilities at Rs 1.47 lakh crore.
Banking and telecom will see the highest impact of this transition.
Reliance Industries Ltd's focus on the next hypergrowth opportunities in clean tech and its path to decarbonisation has the potential to spur re-rating, raises clarity on investment cycles and reduces investor worry, brokerages said. RIL chairman Mukesh Ambani at the company's 'Green AGM' on Thursday committed Rs 75,000 crore over the next three years to set up an integrated Green Energy Giga Complex across 5,000 acres in Jamnagar, Gujarat which will contain four giga factories. The complex, which would be one of the world's largest renewable manufacturing facilities, would have an integrated solar photovoltaic module factory, an energy storage battery factory, electrolyser manufacturing for hydrogen production, and manufacturing of fuel cells so that hydrogen can be used in transportation.
India, which is ranked 2nd in Q3, raced past China where only 30 per cent respondents expect an increase in revenue, whereas in India, 85 per cent respondents have voted in favour of increasing revenue
Combining affordable IT with native Indian ingenuity and entrepreneurship F C Kohli believed would enable Indian small businesses match anyone and thrive.
"At present, there are two main rate slabs under which sa majority of goods are covered -- five per cent and 12.5 per cent -- which will now increase to three (five per cent, 12 per cent and 18 per cent).Will this result in multiple litigations is anybody's guess."
RustOrange co-founders Samik Sarkar, Shashank Agnihotri and Kuvalaya Singh share their story and learnings.
'The sooner we understand and accept this current situation as the new normal, the better,' advises Major Mohammed Ali Shah (retd).
The air defence command is to be rolled out by the beginning of next year and the Peninsula command by the end of 2021, Gen Rawat told a select group of journalists. The Indian Air Force will helm the air defence command and all-long range missiles as well as air defence assets will come under it, he said.
He alleged that the people of Madhya Pradesh were 'befooled' by the saffron party as there was no council of ministers or a health or home minister in place in the state amid the crisis due to the coronavirus outbreak.
Jack Ma who had five years ago said he was inspired and excited by "Make in India" possibly understood the essence of the signature campaign better than some others and decided to stay away from India other than as an investor, says Nivedita Mookerji.
At least two of them - Lava and Micromax - are arming themselves against the Chinese rivals which made them insignificant in the local market over the past few years.
Apart from making your purchases on these platforms expensive, it will also mean sellers will have to face the brunt of reduced cash flows amid already low margins for some. Experts said the proposal, which will take effect on April 1, 2020, and will be inserted as a new section in the Income Tax Act, is expected to affect the working capital of e-commerce companies and reduce cash flows for e-sellers.
To double revenues in four years; asks staff to 'think like a start-up', to brainstorm out-of-the-box ideas
In another instance of Indian tax authorities adopting a hard-nosed stance to prevent abuse of tax avoidance treaties, the revenue department recently opposed a proposal of a Cyprus-based company to increase its stake in an Indian telecom services company from 40 per cent to nearly 74 per cent.
Fierce competition and rising capex will put pressure on most operators in 2017.
With nearly 100 countries closing national borders during the past month, the movement of people and tourism flows have come to a screeching halt. The contraction could be even higher if governments fail to provide income support and help boost consumer spending.
The ministry of finance has shot off a missive to the Department of Telecommunications stating there could be a revenue loss in 2006-07 to the national exchequer, owing to reduced license fee from international and national long distance services.
Long-haul low-cost carriers like Scoot and AirAsia X offer a similar configuration.
Manchester United have deposed Real Madrid as the world's richest soccer club after revenue grew to a record $735 million in 2015-16, according to Deloitte's annual Money League published on Thursday.
Valuers have found almost no assets to pay for their claims against the Videocon group that entered the insolvency process in 2018. But the dissenters suggest that the money is elsewhere, possibly in the group's oil and gas assets, which are not part of the group's bankruptcy case.
Mobile entertainment is set to become a $5-billion industry in India in the next two years, telecom experts said in New Delhi on Friday.
As corporate India prepares to put its house in order, the transition raises concerns
After a miserable two years of flopping films and stagnant revenues, what has changed for the film industry?
United, American snap code share deals, in compliance with US regulator's ruling
Top firms get GST notices on credit claims on Friday; replies sought within hours.
Users, however, can still make free Skype-to-Skype calls worldwide and international calls to mobiles and landlines.
It will not be to India's advantage to create misperceptions that it is bandwagoning with some Anglo-American project for regime change in Myanmar, argues Ambassador M K Bhadrakumar.
The initiatives intended to benefit the common man include e-ticketing, catering on demand, bio-toilets, food for infants, better stations.
In absolute terms, fiscal deficit went up by 33.6 per cent in April-December 2017 and the revenue deficit by as much as 40.7 per cent compared to the same period the previous year, said Sudipto Mundle.
While moving towards the new technology is compelling and inevitable, powering 5G would also mean massive initial investments for telcos, says Surajeet Das Gupta.
At present MTNL and BSNL do not impose roaming charges for mobile internet services on each others customers.
The Railway Board has decided to wind up the ambitious Rs 5,000-crore One ICT plan and the transformation cell
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